Will The Price Of Polyester Staple Fiber Rise More Than A Year Ago?

Stimulated by factors such as the sharp rise of crude oil and the discharge of funds, PTA futures prices rose sharply, and overlooked the mainstream factory parking repair. The PET staple price quoted 50-100 yuan / ton on the basis of the trend. The polyester staple fiber factory was tight enough to supply the goods, but it was really reluctant to sell. But how much later would the polyester staple fiber later?

Recently, PTA began to keep rising under the rising trend of international crude oil, but then crude oil fell, the cost side PX fell slightly, or had an impact on the trend of PTA.

Driven by the rise of the cost side of the downstream polyester, the inventory decline has led to a lagging schedule for the previous maintenance plan, but the Spring Festival approaching is still a period of large-scale reduction of polyester production. The PTA market price is expected to run in a short time.

In terms of ethylene glycol, the ups and downs of related products drove the market of ethylene glycol to go down, and the spot trading in East China was 5160.

As the Spring Festival approached, ethylene glycol supply and demand side continued weak expectations. Recently, with the continuous strengthening of raw material prices, polyester production and marketing began to fall, and the market mentality was cautious. In addition, the sharp drop in crude oil overnight aggravated the pessimism of the market.

At the present stage, there is a demand for stocking before the terminal. Although the demand is beginning to decrease as the Spring Festival draws near, at the current price level, it will still be more attractive in comparison with the price of the whole 2018.

The production and sale situation of polyester and short factories is better, and the low price goods in the early stage basically decrease in the market.

Over the past few days, the stock of polyester staple fiber has been further reduced, and enterprises that have no stock are now oversold. Most of the factory orders have been in the end of January to the beginning of February, and some of the better business orders have been in the middle of February.

There is a strong seasonal character in the downstream weaving process, so the current price or more or less will take into account this factor. Maybe only the super expected storehouse will impact the current price.

In addition, from the perspective of polyester factories, the current comprehensive profit of polyester processing can reach 380 - 400 yuan / ton, and polyester stocks keep below 15 days, and the polyester end surface is obviously better than expected.

If this situation can be sustained, the start-up rate of the polyester plant in February is expected to reach the level of the same period last year, or even better than last year.

All in all, in the near future, crude oil and PTA are running strong, and the cost of polyester short fiber has been pushed forward. However, the downstream cotton mills have opened more holiday modes, and the difficulty of single demand follow-up has increased. However, as the Spring Festival is drawing near, some small and medium size cotton mills in Jiangsu and Zhejiang provinces are going to stop and take off one after another.

Affected by this, the polyester fiber market will increase at a later stage, and the pition will be smooth before the festival.